Yanlord Land Group says it has signed an agreement for a three-year US$400 million ($560 million) term loan facility which is the largest to-date for NON-state-owned Chinese property developers, says Yanlord.
The facility, available in both US$ and HK$, will be used to refinance the outstanding amount of the US$200 million loan facility dated Nov 7, 2007, and for general corporate purposes including the acquisition of land.
